English dictionary
Info: This web site is based on WordNet 3.0 from Princeton University.
English noun: 401-k plan | |||
| 1. | 401-k plan (cognition) a retirement savings plan that is funded by employee contributions and (often) matching contributions from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments yourself | ||
| Synonyms | 401-k | ||
| Broader (hypernym) | pension account, pension plan, retirement account, retirement plan, retirement program, retirement savings account, retirement savings plan | ||
Based on WordNet 3.0 copyright © Princeton University.
Web design: Orcapia v/Per Bang. English edition: .
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Web design: Orcapia v/Per Bang. English edition: .
2024 onlineordbog.dk